On Friday, Dave got an upgrade for its IBD SmartSelect Composite Rating from 92 to 96.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Dave is now out of buy range after breaking out from a 125.00 buy point in a cup without handle.
The stock sports an 84 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 84% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q1, the company reported 300% earnings-per-share growth. Top line growth increased 47%, up from 38% in the prior quarter. That marks one quarter of rising revenue gains. The company's next quarterly report is expected on or around Aug. 6.
Dave holds the No. 4 rank among its peers in the Computer-Technical Services industry group. RCM Technologies is the No. 1-ranked stock within the group.
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